Professional Liability Insurance in the Health and Medical Field

As the field of medical and health care has evolved in recent decades, so has the need for organizations providing these services to carry professional liability or errors and omissions insurance in NJ. Having a customized policy to address your organization’s specific exposures is a necessity and is even required by law in some areas.

Who Should be Covered?

In addition to traditional health care agencies that require traditional malpractice policies, errors and omissions insurance in NJ is important for:

Medical billing and coding services.

Medical transcription services.

Allied health care facilities.

Accountable care organizations and providers.

Medical practice managers.

Preferred provider organizations.
Peer review companies.

What Kinds of Incidents are Covered by a Medical Errors and Omissions Policy?

While individual policies vary, insurance companies may be able to build customized policies for your particular practice that cover exposures resulting from a variety of areas such as:

Punitive damages.

Medical malpractice.

HIPPA violations, including fines and penalties.

Credentialing
Telecommuting.

Using outsourced vendors.

Network privacy and other network-related services.

Cloud computing.

As you can see, medical errors and omissions in NJ should provide coverage that goes beyond protecting against simple, traditional malpractice claims and includes a number of other scenarios that may apply to your specific business. Be sure that there are no gaps in your coverage and that you have the errors and omissions coverage that is appropriate to your specific exposures.